Example: Use Case
Let’s assume that you have a NIBT Expense and seeing a trend of it in for the current year, you notice that this account has a high\low value as compared to prior quarter and you feel that you would like to investigate.
With Tax Automation Trace:
- You navigate to Tax Automation Trace form by using Automated Trace action menu or
right click on cell to open the Current Provision Trace form.
- On the Trace form you must run business rule Trace for Tax Automation.
- On completion it will generate amount stored at source along with the source POV.
- You can now compare the source and target value side by side in a single form that is, Trace (source) vs Automated (target).
- You can look into Trace detail which shows Logic applied, Percentage of source amount and Source
POV.
- If any issues are identified in the Trace information you can go to Tax Automation form and correct the mappings.